Asset Management One Co. Ltd. Has $4.88 Million Holdings in Pool Corporation $POOL

Asset Management One Co. Ltd. decreased its position in shares of Pool Corporation (NASDAQ:POOL) by 27.8% in the 3rd quarter, Holdings Channel reports. The firm owned 15,723 shares of the specialty retailer’s stock after selling 6,059 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Pool were worth $4,875,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Fulton Bank N.A. lifted its holdings in Pool by 24.8% in the third quarter. Fulton Bank N.A. now owns 2,464 shares of the specialty retailer’s stock valued at $764,000 after buying an additional 490 shares during the period. Taylor Frigon Capital Management LLC raised its position in shares of Pool by 35.8% in the 3rd quarter. Taylor Frigon Capital Management LLC now owns 5,042 shares of the specialty retailer’s stock worth $1,563,000 after acquiring an additional 1,330 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Pool in the 3rd quarter valued at about $75,000. Allspring Global Investments Holdings LLC boosted its position in shares of Pool by 42.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 15,333 shares of the specialty retailer’s stock valued at $4,741,000 after purchasing an additional 4,551 shares in the last quarter. Finally, Abacus FCF Advisors LLC grew its stake in Pool by 2.9% during the third quarter. Abacus FCF Advisors LLC now owns 14,784 shares of the specialty retailer’s stock worth $4,584,000 after purchasing an additional 420 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on POOL shares. Robert W. Baird set a $345.00 target price on Pool in a report on Friday, October 24th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Pool in a research note on Monday, December 29th. William Blair reissued a “market perform” rating on shares of Pool in a research note on Wednesday, October 15th. Stifel Nicolaus reduced their price target on shares of Pool from $295.00 to $240.00 and set a “hold” rating for the company in a report on Tuesday, December 16th. Finally, Guggenheim assumed coverage on shares of Pool in a report on Wednesday, October 8th. They set a “neutral” rating on the stock. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $317.38.

Pool Stock Performance

Shares of Pool stock opened at $242.80 on Friday. Pool Corporation has a 52 week low of $226.10 and a 52 week high of $374.74. The company has a quick ratio of 0.87, a current ratio of 2.57 and a debt-to-equity ratio of 0.76. The business has a 50 day moving average price of $240.46 and a 200-day moving average price of $284.58. The company has a market cap of $9.04 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 4.17 and a beta of 1.23.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $3.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.01. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.46 billion. Pool had a return on equity of 31.40% and a net margin of 7.77%.Pool’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.26 earnings per share. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Equities analysts anticipate that Pool Corporation will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were paid a $1.25 dividend. The ex-dividend date was Wednesday, November 12th. This represents a $5.00 annualized dividend and a dividend yield of 2.1%. Pool’s dividend payout ratio is presently 45.58%.

Pool Company Profile

Pool Corporation is a leading wholesale distributor of swimming pool supplies, equipment, and related outdoor living products. Headquartered in Covington, Louisiana, the company serves a diverse customer base that includes service professionals, independent retailers, high-volume builders, and national retail chains. Pool Corporation’s extensive branch network enables it to maintain strong local customer relationships while leveraging its scale to source products efficiently from manufacturers around the world.

The company’s product portfolio spans pool and spa chemicals, water treatment equipment, pumps, filters, heaters, automation and control systems, liners, safety covers, and cleaning accessories.